Iochpe-Maxion SA, a global leader in the production of automotive wheels and one of the leading producers of automotive structural components in the Americas, announced that Pieter Klinkers, current Chief Executive Officer of Maxion Wheels, will assume the role of President and Chief Executive Officer of Iochpe-Maxion SA, replacing Marcos Oliveira, who will step down at the end of his term, in accordance with the senior management succession plan. This change will be effective April 16, 2025.

Klinkers has had a distinguished career spanning more than 30 years in the automotive industry. After 10 years with Michelin, he joined Hayes Lemmerz Inc. in 2005, which was later acquired by Iochpe-Maxion. Since 2015, he has led the company's global wheel business.

Mark Gerardts will be the new CEO of Maxion Wheels, replacing Klinkers. Gerardts, currently President of the Europe, Middle East, and Africa (EMEA) Business Unit, joined the company in 2015 and has since held various roles with increasing responsibilities.

Oliveira has been nominated by the Iochpe-Maxion Board of Directors to be a candidate for election to the Board of Directors at the next ordinary general shareholders' meeting, scheduled for April 16, 2025.

Iochpe-Maxion proudly hopes that the well-prepared and efficient transition will be supported by appropriate communication, ensuring continuity in the management of the company's business.

About Iochpe-Maxion:

Iochpe-Maxion is a world leader in the production of automotive wheels and a leading manufacturer of automotive structural components throughout the Americas. The company has 33 manufacturing plants in 14 countries and employs approximately 17,000 people. Thanks to this extensive network, Iochpe-Maxion is able to meet the quality, competitiveness, and delivery standards demanded by its customers worldwide.

Iochpe-Maxion operates its core business through Maxion Wheels and Maxion Structural Components. Maxion Wheels produces a wide range of wheels for passenger vehicles, commercial trucks and trailers, and specialty vehicle applications. Maxion Structural Components produces frame members, cross members, and chassis assemblies for commercial vehicles, as well as structural assemblies for passenger vehicles.

For more information, visit the Iochpe-Maxion website at www.iochpe.com.br The original source-language text of this announcement is the official, authoritative version. Translations are provided as adaptations only and should be compared with the source-language text, which is the only version of the text that will have legal effect.

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Source: businesswire.com